The Women and Girls Jackets and Blazers Made of Cotton Market in Singapore experienced a decline in per capita value from $0.87 in 2013 to $0.36 in 2023. Year-on-year, the market saw minimal recovery between 2020 and 2021, but generally, the trend has been a consistent decrease. The most considerable drop occurred from 2019 to 2020. Over the last five years, from 2018 to 2023, the compound annual growth rate (CAGR) reflects an average yearly decline in market value.
Future trends to watch for include:
- Potential recovery as consumer preferences shift back to casual wear post-pandemic.
- Technological advancements in cotton production and garment technology that could influence market dynamics.
- The impact of sustainable fashion trends on the cotton apparel industry in Singapore.
